When people have a disagreement that can’t be resolved by simply discussing the problem, they may end up going to court for a resolution – especially if the disagreement involves something as important as family issues or large sums of money. Going to court can be very expensive if you hire a lawyer, and it still costs some money (e.g., filing fees) if you don’t hire a lawyer. It’s very time consuming either way, especially if you don’t hire a lawyer.
And it’s not quick; courts are busy, many court systems are underfunded and overburdened, and it can be months … Read More
Judicial foreclosure exists in nearly every state in the United States. Generally, a lender initiates a foreclosure action when the property owner/borrower has failed to make mortgage payments. In a judicial foreclosure, the lender must go through the court system, filing a complaint and serving the borrower. In most states, the court will then either find for the borrower or for the lender. If the court finds that the borrower has indeed defaulted on his or her loan a judgement will be entered for the lender. The lender can then hold a sheriff’s sale of the property in order to … Read More